Texas Roadhouse Stock Forecast - 8 Period Moving Average

TXRH Stock  USD 181.38  1.48  0.81%   
The 8 Period Moving Average forecasted value of Texas Roadhouse on the next trading day is expected to be 184.45 with a mean absolute deviation of 4.40 and the sum of the absolute errors of 233.17. Texas Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Texas Roadhouse's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
As of now, Texas Roadhouse's Receivables Turnover is decreasing as compared to previous years. The Texas Roadhouse's current Fixed Asset Turnover is estimated to increase to 2.39, while Inventory Turnover is projected to decrease to 71.64. . The Texas Roadhouse's current Net Income Applicable To Common Shares is estimated to increase to about 325.8 M, while Common Stock Shares Outstanding is projected to decrease to under 61.8 M.
An 8-period moving average forecast model for Texas Roadhouse is based on an artificially constructed time series of Texas Roadhouse daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Texas Roadhouse 8 Period Moving Average Price Forecast For the 24th of December

Given 90 days horizon, the 8 Period Moving Average forecasted value of Texas Roadhouse on the next trading day is expected to be 184.45 with a mean absolute deviation of 4.40, mean absolute percentage error of 27.05, and the sum of the absolute errors of 233.17.
Please note that although there have been many attempts to predict Texas Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Texas Roadhouse's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Texas Roadhouse Stock Forecast Pattern

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Texas Roadhouse Forecasted Value

In the context of forecasting Texas Roadhouse's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Texas Roadhouse's downside and upside margins for the forecasting period are 182.82 and 186.09, respectively. We have considered Texas Roadhouse's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
181.38
182.82
Downside
184.45
Expected Value
186.09
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Texas Roadhouse stock data series using in forecasting. Note that when a statistical model is used to represent Texas Roadhouse stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria106.7051
BiasArithmetic mean of the errors -0.5675
MADMean absolute deviation4.3993
MAPEMean absolute percentage error0.0231
SAESum of the absolute errors233.165
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Texas Roadhouse 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Texas Roadhouse

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Texas Roadhouse. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
179.78181.41183.04
Details
Intrinsic
Valuation
LowRealHigh
149.46151.09199.52
Details
29 Analysts
Consensus
LowTargetHigh
106.43116.96129.83
Details
Earnings
Estimates (0)
LowProjected EPSHigh
1.551.641.65
Details

Other Forecasting Options for Texas Roadhouse

For every potential investor in Texas, whether a beginner or expert, Texas Roadhouse's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Texas Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Texas. Basic forecasting techniques help filter out the noise by identifying Texas Roadhouse's price trends.

Texas Roadhouse Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Texas Roadhouse stock to make a market-neutral strategy. Peer analysis of Texas Roadhouse could also be used in its relative valuation, which is a method of valuing Texas Roadhouse by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Texas Roadhouse Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Texas Roadhouse's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Texas Roadhouse's current price.

Texas Roadhouse Market Strength Events

Market strength indicators help investors to evaluate how Texas Roadhouse stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Texas Roadhouse shares will generate the highest return on investment. By undertsting and applying Texas Roadhouse stock market strength indicators, traders can identify Texas Roadhouse entry and exit signals to maximize returns.

Texas Roadhouse Risk Indicators

The analysis of Texas Roadhouse's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Texas Roadhouse's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting texas stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Currently Active Assets on Macroaxis

When determining whether Texas Roadhouse offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Texas Roadhouse's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Texas Roadhouse Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Texas Roadhouse Stock:
Check out Historical Fundamental Analysis of Texas Roadhouse to cross-verify your projections.
For more detail on how to invest in Texas Stock please use our How to Invest in Texas Roadhouse guide.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Texas Roadhouse. If investors know Texas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Texas Roadhouse listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.326
Dividend Share
2.38
Earnings Share
5.83
Revenue Per Share
76.363
Quarterly Revenue Growth
0.135
The market value of Texas Roadhouse is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Roadhouse's value that differs from its market value or its book value, called intrinsic value, which is Texas Roadhouse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Texas Roadhouse's market value can be influenced by many factors that don't directly affect Texas Roadhouse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Texas Roadhouse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Roadhouse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Roadhouse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.